According to Technavio’s analysts, the Session Initiation Protocol (SIP) Trunking market is expected to grow at a compound annual growth rate of 18.23% by 2021.
SIP Trunking is an Internet-based service that allows businesses to extend VoIP (Voice over Internet Protocol) telephony beyond the organization’s firewall without the need for an IP-PSTN gateway. It allows VoIP users to stay connected in local and long-distance calls to and from endpoints in the traditional phone network.
The report ‘Global Session Initiation Protocol Trunking Market 2017-2021’, was based on detailed and reliable data gathered from an extensive research and an in-depth market analysis with inputs from industry experts. It provides a complete market and vendor landscape as well as a SWOT analysis of the key vendors and major factors that influence the market such as drivers, opportunities, and challenges.
Session Initiation Protocol Trunking Market Driver: – The increasing adoption of cloud-based solutions is one of the major drivers of this market, and has been significantly affecting many business operations. The high demand for hardware and software that facilitate unified communications (UC) is contributing to the significant SIP Trunking’s market share. The cloud-based communication system Sangoma, offers cloud-based telephony services to small medium-sized businesses that use feature-rich UC solutions, which can be customized to meet specific business requirements.
Session Initiation Protocol Trunking Market Challenge: – On the other hand, network security issues has been one the major obstacles to the growth of this market. Cloud-based systems are exposed to viruses, hackers, and data crashing. Unauthorized access, interruption-of-service, eavesdropping, registration and media manipulation, are some of the problems that threaten legitimacy, integrity, and privacy. By encrypting or decrypting VoIP traffic for security assessment, companies end up with operational and organizational problems.
Session Initiation Protocol Trunking Market trend: – The merging of VoIP and UC is the latest trend in the market. SIP is a signaling protocol for Internet conferencing, presence, telephony, events notification, and instant messaging for UC systems and began as the protocol within the VoIP market, particularly within IP-PBX solutions. Nortel, Avaya, Siemens, and Microsoft are some of the companies that are implementing SIP as a standard for their VoIP solutions
In order to estimate the Session Initiation Protocol Trunking market size, the report takes into account the income gained from the sales, distribution, and maintenance of SIP trunking used for enterprise applications. The report divides the market revenue based on regions, end-users (SMEs and large enterprises) and placement of services (on-premise and hosted SIP trunking).
The complete report on global session initiation protocol trunking market, which is spread across 70 pages that analyze four major companies and provides 26 data exhibits is now available at: http://www.reportsnreports.com/reports/929192-global-session-initiation-protocol-trunking-market-2017-2021.html